Does real estate investment in Turkey have downsides?
Last Updated: 2023-07-27Is Real Estate Investment in Turkey Cons?
Every good thing has a bad side that is hidden in the shadows, and this is like real estate in Turkey in general, a successful investment that has no black spots on it, but there must be small problems surrounding it, and if we take the subject from the far side, we will see that Turkey in general in all its cities, especially Istanbul, is at the top of the countries in terms of competition for this project. Investment It is moving rapidly and the development of its real estate is remarkable, and it is moving straight away from warp.
Types of real estate investment in Turkey ?
There are two types of real estate investment in Turkey, the first option is a residential investment project, that is, it is in the circle of Turkey's residential apartments only, in which the goal of real estate investment is to secure houses in Turkey that are habitable for those who wish
The second option is to invest in Turkey's commercial real estate, which is not intended for housing, but for the commercial project, such as shops that are invested in the field of food, clothing, and so on, or this real estate investment is in a hotel, tourist resort, or engineering offices.
Advantages of commercial real estate investment in Turkey?
The percentage of material returns issued by it is very large, and this is what encourages investors to demand it greatly, and from the title the result is clear, we said that this project is for commercial real estate, so this means that the one who will rent this property will be one of the owners of the money, so intuitively they will pay the monthly rent, so there is no fear for the owner of being lost, the owner of Turkey's commercial property is not responsible for paying the costs of the changes that the tenant likes to make, this is a matter for him to do himself, this is The positives are all in favor of the investor for Turkey commercial real estate
Advantages of residential real estate investment in Turkey?
Like most apartments in any country in the world, you will find those who live in them so easily that you will not be able to find an apartment except with difficulty, if you like to sell your apartment, this is also possible and very easily as well;
Despite the many and many advantages that you will get through your real estate investment project in Turkey, whether this project is for trade or for housing, there must be some obstacles and problems that will result from it, and as there are positives, there are also negatives
Disadvantages that result from the investment project ?
There are many problems facing the investor for residential real estate in Turkey, the most important of these problems is that you as an investor have to deal with your landlord directly and listen to his problems and work to solve them as well, and there is also the problem of non-compliance with periodic payment of rent and this is one of the biggest problems that can face the investor or the owner of the property in Turkey, if the tenant causes damage, you as a property owner will be fined the costs of what others left behind.
The negatives that result from the investment project for commercial real estate in Turkey?
It is possible for a real estate investor in Turkey to find some problems in his project, for example, if an economic disaster befalls the country, the business will stop immediately or perhaps its level will decrease, and therefore the commercial real estate will become empty of tenants and the owner of the investment will lose his money or some of it in this project, and in general, commercial real estate is difficult to always find people willing to it, because of seasonal movements or because of the type of projects in the country, and investors for this property always change their place of work, and if The owner of Turkey's commercial property wanted to sell this property, so he will also find it difficult to do so because the demand for buying a commercial property is much lower than the demand for a residential property, most people prefer to rent a commercial property instead of buying it, in addition to that this type of investment always needs huge numbers of money to establish it.
Are there any downsides to buying a property in Turkey that is ready and not under construction?
Of course, there will be negatives to Turkey's ready-made property because it will be more expensive, and the profit from it if you want to invest it is little, and in general there will be details in the property, whether residential or commercial, that you will not be satisfied with, because it was not under your supervision, and it will take you time while you make some modifications to the property in a way that suits your aspirations, and we must point out that these modifications will cost you a lot of money
- In any project or investment you delve into, you will find from it what suits your ambition and dreams, and in return you will encounter negatives and obstacles that disturb the project, but also this is normal, everything has pros and cons that either help us advance our project or limit your dreams with limits that cannot be exceeded, and in any case, the disadvantages of investing in real estate in Turkey are much less than European countries and others who invest in them, and we must not forget that this real estate investment is successful at all levels and without dispute No matter how many problems it contains,
Editorial Mersat Real Estate Team©
Real estate Articles
Real estate News
